Recon Technology (NASDAQ:RCON) Posts Earnings Results

Recon Technology (NASDAQ:RCON) issued its earnings results on Friday. The oil and gas company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.47, FiscalAI reports.

Recon Technology Stock Down 8.1%

Shares of NASDAQ:RCON traded down $0.10 during midday trading on Friday, reaching $1.14. The company’s stock had a trading volume of 188,020 shares, compared to its average volume of 47,358. The business’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. Recon Technology has a fifty-two week low of $1.10 and a fifty-two week high of $7.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Recon Technology Company Profile

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.